Latest Brent Crude Stories

Oil prices yesterday set a new record above EUR147 a barrel amid fears over growing tension in the Middle East. Brent crude reached EUR147.02 on the London-based ICE Futures Exchange. It has now risen more than EUR10 in the past two days.

By Jack Money, The Oklahoman Jul. 8--YEARS AGO, Oil Refiners Sought -- and were able to find -- barrels of light, sweet crude they could refine into every fuel the United States needs, such as gasoline, diesel and jet fuel.

"The problem you had in California was caused by a combination of things: an unwise regulatory scheme, because they didn't really deregulate. Now they're trapped from unwise regulatory schemes, plus not having addressed the supply side of issues.

OIL prices tumbled yesterday as US weekly data showed an unexpected increase in crude oil inventories and sluggish fuel demand. US light crude fell to as low as dollars 132.25 a barrel before picking up slightly while London Brent crude was down by dollars 3.29 at dollars 133.17.

By DOUGLAS HAMILTON CRUDE oil futures soared by more than dollars5 to a record near dollars140 a barrel yesterday as traders ignored a promise from Saudi Arabia to lift production and instead fretted about the falling value of the dollar.

By Luke Pachymuthu SINGAPORE (Reuters) - Brent crude oil jumped to a fresh
record high above $74 a barrel on Thursday after a steep drop
in U.S. gasoline stocks fueled fears of tight summer supplies
at a time of growing anxiety over Iran's exports.

By Luke Pachymuthu SINGAPORE (Reuters) - U.S. oil held within sight of its
record high above $71 a barrel on Wednesday as dealers feared
Iran's intensifying dispute with the West over its nuclear aims
may lead to supply cuts from the world's fourth-largest
exporter. U.S.

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